Tex. Bus. Orgs. Code § 200.162 · Subchapter D. SHAREHOLDER RIGHTS AND RESTRICTIONS
PREEMPTION OF LIABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The liability of a holder, beneficial owner, or subscriber of shares of a real estate investment trust for an obligation that is limited by Section 200.161 is exclusive and preempts any other liability imposed for that obligation under common law or otherwise.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.200.htm
- Text hash
- sha256 cb81af9d7fbe346298fb8ea1b4d5cd28e3576fffd9e1808f59c2d97f78397189
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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Business Organizations Code
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Business Organizations Code
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